Regulation
James Tobin, Keynesian economist of first rank
OBITUARY - James Tobin, the most influential Keynesian theorist of his generation, who became famous for his proposed tax on currency trading, has died aged 84.
Duma to consider bill on central bank of Russia
RUSSIA - The bill "About the Central Bank of Russian Federation (Bank of Russia)" will be considered by the State Duma in the second hearing on 15 March.
India's c bank set to open rep office in Dubai
UAE - State-owned State Bank of India (SBI) is planning to open a representative office in the UAE this year to tap the NRI resources, SBI chairman Janki Ballabh said.
Argentina's Duhalde - Working to lift bk limits
ARGENTINA - Argentina is working to lift banking restrictions in the next three months, President Eduardo Duhalde said in a press conference Monday.
Israel unveils plan to limit central bank powers
ISRAEL - Israel's Finance Ministry unveiled legislation Sunday to rein in the power of the central bank, with a monetary council appointed by the finance minister and a widening of the bank's goals to include growth and employment targets.
Regulating the City 'costs £1bn'
UK - The cost of regulating the City is at least £1bn and the benefits are completely unclear some months after the Financial Services Authority acquired its full powers, according to research.
BIS hits back over banking standards
GERMANY - Andrew Crockett, head of the Bank for International Settlements, has answered criticism of his plans for new global banking standards from Gerhard Schroder, German chancellor, by warning politicians not to interfere.
Papademos "very good" candidate for ECB vice head
GREECE - German Finance Minister Hans Eichel said Thursday that Greek Central Bank Governor Lucas Papademos was a "very good" candidate to succeed Christian Noyer as vice president of the European Central Bank, reports Dow Jones.
A cough and a headache halted Sabirin verdict
INDONESIA - A headache and a cough led a judge to postpone on Wednesday the verdict in the case of Central Bank governor Sjahril Sabirin, who is charged with corruption reports the Jakarta Post.
Pakistan law to check money laundering soon
PAKISTAN - The government has started working on an anti-money laundering law to check the inflow of suspicious transactions in the country's banking system.
ECB buys Frankfurt market site to build new office
GERMANY - With European Union enlargement in mind, the European Central Bank has agreed to spend about 60 million euros to buy the land housing Frankfurt's wholesale vegetable and fruit market to build a new headquarter.
Barbados deal under fire from tax havens
BARBADOS - Caribbean tax havens have attacked the decision of Barbados to reach a settlement over demands by industrialised countries for reform.
Beijing backs away from controversial audit plan
CHINA - Chinese securities regulators have backed away from a controversial plan to force companies issuing shares to have their books audited by foreign accountants after furious lobbying against the policy by the domestic industry.
Indonesia court delays verdict on c bank governor
INDONESIA - An Indonesian court has delayed for a week the verdict on central bank governor Sjahril Sabirin in a corruption trial stemming from a long-running banking scandal.
Portugal's Constancio rules out ECB board bid
PORTUGAL - Portugal's central bank governor Vitor Constancio on Thursday ruled himself out of the race to replace European Central Bank Vice-President Christian Noyer who steps down from the board at the end of May.
Speech by A Crockett, General Manager, BIS, 27 Feb
SPEECH - In the speech titled 'Towards global financial reporting standards: a critical pillar in the international financial architecture' Crockett said Financial reporting is a basic building block of the financial infrastructure. In today's highly…
President Pervez to visit State Bank Pakistan
PAKISTAN - President Pervez Musharraf will visit the State Bank of Pakistan on 9 March for a briefing on the economic situation, sources said on Friday.
BOK head should be guaranteed 4-year term-Union
SOUTH KOREA - The Bank of Korea (BOK) governor should be guaranteed a four-year term regardless of the results of the presidential election scheduled for December this year, BOK's labor union and a civic group maintained yesterday, reports the Korea…
Regulators relax rules for some foreign banks
US - Federal regulators are easing the rules for some foreign banks operating in the US, freeing up about $1.6bn (Euros 1.8bn, £1.1bn) in assets and reducing some administrative costs.
Sjahril verdict expected Wednesday
INDONESIA - The Central Jakarta District Court is expected to deliver a verdict in the case of Central Bank Governor Sjahril Sabirin on Wednesday.
People's bank to open office in Frankfurt
CHINA - The People's Bank of China (PBOC), the central bank, plans to open a representative office in Frankfurt home of the European Central Bank (ECB) is headquartered, PBOC's press office announced.
Journal of Policy Modeling paper
RESEARCH - The European Monetary Union: were there alternatives to the ECB? A quantitative evaluation by Warwick J. McKibbin and Tomas Bok.
Central Bank of Guatemala Governor Kidnapped
GUATEMALA - It has been confirmed that the President of the central bank of Guatemala Lizardo Sosa was kidnapped while out for his regular morning jog close to his home.
Channel Islands agree tax haven deal
UK - Guernsey and Jersey in the Channel Islands have signed up to an international programme to block tax evasion.